£3,000,000
Industrial for sale
Property photos
Freehold
Offers over
£3,000,000
(£57.06/sq. ft)
Industrial for sale
Thornhill Industrial Estate, South Marston, Swindon SN352,574 sq. ft
Local area information
Property location
Nearby amenities
- South Marston Church of England Primary School 0.4 miles
- Grange Infants' School 0.9 miles
- Swindon (Wilts) 2.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Gross internal floor area 52,574 sq ft on 3.85 acres
- Strategic location with excellent transport links (M4, A419/A420)
- Let to 3 individual tenants producing a total income of £177,000 reflecting an average rent of £3.38 psf
- All leases outside the Landlord & Tenant Act 1954 (Sections 24 - 28)
- The estate benefits from a mix of short and medium term tenancies, offering flexibility for asset management and potential redevelopment or re letting strategies
Description
Multi let investment seeking offers in excess of £3,000,000 (Three Million Pounds) subject to contract and VAT. A purchase at this level reflects a Net Initial Yield of approximately 6.0%, with a headline reversionary yield of approximately 9.5%, assuming purchasers’ costs of 6.5%. This reflects a low capital value of just £57 per sq ft.
Location
Thornhill Industrial Estate is strategically located on the eastern edge of Swindon in South Marston, providing excellent access to the A420 and the wider M4 corridor
Specifications
Units 6 & 7:
Two high-bay interlinked warehouses
9 m internal eaves
LED lighting
Unit 6 comprises a substantial front yard, 5 dock doors with offices
units 71 a-c:
Comprise a terrace of three light industrial units dating from the 1960s
Each has 4.5 m eaves, ground level roller shutter doors, small forecourts
Unit 71A benefits from a side yard
Multi let investment seeking offers in excess of £3,000,000 (Three Million Pounds) subject to contract and VAT. A purchase at this level reflects a Net Initial Yield of approximately 6.0%, with a headline reversionary yield of approximately 9.5%, assuming purchasers’ costs of 6.5%. This reflects a low capital value of just £57 per sq ft.
Location
Thornhill Industrial Estate is strategically located on the eastern edge of Swindon in South Marston, providing excellent access to the A420 and the wider M4 corridor
Specifications
Units 6 & 7:
Two high-bay interlinked warehouses
9 m internal eaves
LED lighting
Unit 6 comprises a substantial front yard, 5 dock doors with offices
units 71 a-c:
Comprise a terrace of three light industrial units dating from the 1960s
Each has 4.5 m eaves, ground level roller shutter doors, small forecourts
Unit 71A benefits from a side yard
More information
Listed by
Avison Young - Industrial
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